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Bank of America competitors & alternatives
The 12 closest competitors and alternatives to Bank of America among banking companies — ranked by similarity to what Bank of America actually does, not by market-cap band.
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About Bank of America
Bank of America Corporation, operating through its various subsidiaries, functions as a global financial institution, offering a broad spectrum of banking and financial solutions. Its diverse clientele includes individual consumers, small and mid-sized businesses, institutional investors, major corporations, and governments worldwide. The company's Consumer Banking division caters to everyday financial needs, providing traditional and money market savings accounts, certificates of deposit (CDs), IRAs, and both interest-bearing and noninterest-bearing checking accounts, alongside various investment products. It also issues credit and debit cards, extends residential and home equity mortgages, and offers direct and indirect loans, such as those for automotive purchases, recreational vehicles, and personal use. Within the Global Wealth & Investment Management segment, the focus is on asset management, brokerage services, banking, and a full suite of trust and retirement products. This segment also delivers comprehensive wealth management strategies and specialized asset management solutions tailored to client needs. The Global Banking unit addresses the needs of commercial clients with a range of lending options, including commercial loans, leases, commitment facilities, trade finance, and both commercial real estate and asset-based lending. Additionally, it provides sophisticated treasury solutions, encompassing treasury management, foreign exchange services, short-term investing options, and merchant processing. This unit also aids in working capital management and supports clients with debt and equity underwriting and distribution, as well as merger-related and other financial advisory services. Finally, the Global Markets division facilitates market activities through market-making, financing, and securities clearing, settlement, and custody services. It offers advanced risk management products utilizing derivatives across interest rate, equity, credit, currency, and commodity markets, in addition to foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, Bank of America had a significant reach, serving approximately 67 million consumer and small business clients. This extensive network was supported by around 4,200 retail financial centers, roughly 16,000 automated teller machines (ATMs), and digital banking platforms used by approximately 41 million active users. The corporation, established in 1784, is headquartered in Charlotte, North Carolina.
Bank of America at a glance
Bank of America is a banking company headquartered in Charlotte, United States. It is publicly listed (0Q16) with a market capitalisation of $461.3B. Xcout tracks 24 named people at Bank of America, including Brian Thomas Moynihan (Chairman & Chief Executive Officer). Xcout recorded 9 job postings from Bank of America in the last 90 days.
Bank of America leadership
- Brian Thomas MoynihanChairman & Chief Executive Officer
- Dean C. AthanasiaCo-President
- James DeMareCo-President
- Matthew KoderPresident of Global Corporate & Investment Banking
- Alastair BorthwickExecutive Vice President & Chief Financial Officer
- Hari GopalkrishnanChief Technology & Information Officer
18 more named people on record for Bank of America, with roles, board committees and tenure — see the full roster →
Hiring at Bank of America
Xcout recorded 9 job postings from Bank of America in the last 90 days, from a hiring record Xcout has kept since June 2026.
The weekly hiring trend, the roles and locations behind it — see Bank of America's hiring signals →
Recent Bank of America news
3 corporate events on record, with sources — see the full timeline →
Top 12 Bank of America competitors
Ranked by semantic similarity — how close each company is to Bank of America by what it does, using Xcout's live company graph. Click any company for its full profile, or its competitor set.
Similar banking company
Truist Bank is a major United States-based financial institution headquartered in Charlotte, North Carolina, offering banking, trust, investment management, and insurance services to millions of clients.
Similar banking company
Fifth Third Bancorp is a comprehensive financial services provider operating throughout the United States. Its Commercial Banking division offers a wide array of credit, cash management, and advanced financial solutions. This includes lending, deposit products, foreign exchange, international trade financing, capital market and derivative instruments, asset-based and real estate lending, public and syndicated finance, and commercial leasing, all tailored for business, government, and professional clients. The Branch Banking segment focuses on individuals and small businesses, supplying essential deposit and loan options such as checking and savings accounts, home equity loans and lines of credit, credit cards, and financing for automobiles and personal needs, along with cash management for small businesses. Fifth Third's Consumer Lending unit manages direct originations, retention, and servicing of residential mortgage and home equity credit facilities. It also facilitates indirect consumer loans through partnerships with correspondent lenders and automobile dealerships. The Wealth & Asset Management segment delivers diverse investment alternatives for individuals, companies, and non-profit organizations. This includes retail brokerage services for individual investors and broker-dealer services for institutional clients. Additionally, it offers comprehensive wealth planning, investment management, banking, insurance, trust and estate services, and advisory support for institutional accounts including middle market businesses, non-profits, states, and municipalities. As of December 31, 2021, the company's extensive network comprised 1,117 full-service banking centers and 2,322 ATMs spread across Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Founded in 1858, Fifth Third Bancorp maintains its headquarters in Cincinnati, Ohio.
Similar banking company
M&T Bank Corporation functions as a bank holding entity, delivering a broad spectrum of commercial and consumer banking solutions. Its Business Banking division caters to small enterprises and independent professionals, furnishing them with deposit accounts, loan facilities, cash flow management tools, and various other financial offerings. The Commercial Banking arm extends services such as deposit instruments, business loans, equipment leasing, letters of credit, and treasury management solutions to both mid-sized and large corporate clients. Through its Commercial Real Estate segment, the bank facilitates, markets, and administers financing for commercial properties, alongside providing deposit services. The Discretionary Portfolio unit manages a range of assets including deposits, investment securities, home loans, and various other holdings, which are financed by both short-term and long-term borrowings. This segment also conducts foreign currency exchange operations. Within Residential Mortgage Banking, the corporation supplies home loans to individuals, subsequently selling these loans into the secondary market, and additionally acquires the rights to service mortgages initially provided by other financial institutions. The Retail Banking division delivers a comprehensive suite of personal banking products, including checking, savings, and term deposit accounts; consumer installment credit, auto and leisure vehicle financing, home equity loans and lines of credit, and credit cards. It also provides investment products like mutual funds and annuities, among other services. Furthermore, M&T Bank offers specialized services such as trust administration, wealth advisory, fiduciary and custodial support, insurance brokerage, institutional securities and brokerage, and asset management. Customers can access these services via its physical branch network, dedicated business banking centers, telephone and online platforms, and automated teller machines (ATMs). As of the close of 2021 (December 31st), the company maintained 688 branch locations across the United States, specifically in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Additionally, it operates a full-service commercial banking branch in Ontario, Canada. Established in 1856, M&T Bank Corporation's principal office is situated in Buffalo, New York.
Similar banking company
KeyCorp functions as the parent entity for KeyBank National Association, delivering a wide array of banking services to retail and business clients across the United States. Its operations are distinctly segmented into a Consumer Bank and a Commercial Bank. Targeting both individual consumers and small to medium-sized businesses, the corporation extends a comprehensive suite of services. These offerings include various deposit accounts, investment solutions, personal financial planning and wellness programs, student loan refinancing, mortgage and home equity products, general lending, credit card services, treasury management, business advisory, wealth and asset management, and trust-related services. Moreover, the company furnishes middle-market clients with a robust selection of sophisticated banking and capital market products. These encompass syndicated lending, debt and equity capital market offerings, commercial payment solutions, equipment financing, commercial real estate mortgage banking, derivatives, foreign exchange services, financial advisory, and public finance. Its commercial mortgage portfolio encompasses loans across diverse sectors, including consumer, energy, healthcare, industrial, public sector, real estate, and technology. Additionally, KeyCorp engages in community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, its operational reach extended across 15 states, supported by an extensive network of approximately 999 physical branches and 1,317 automated teller machines (ATMs). Beyond its physical footprint, the company offers online and mobile banking capabilities, alongside a dedicated telephone banking call center and other offices. Established in 1849, KeyCorp maintains its corporate headquarters in Cleveland, Ohio.
Similar banking company
JPMorgan Chase & Co. operates as a bank and financial holding company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and the Caribbean. It operates in three segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The company offers deposit, investment and lending products, and cash management; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, payment solutions, travel services, merchant offers, lifestyle benefits, auto loans, and leases to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. It also provides investment banking, market-making, financing, custody, and securities products and services; corporate strategy and structure advisory, equity and debt market capital-raising, and loan origination and syndication services; cash and derivative instruments, risk management solutions, prime brokerage, clearing, and research; and fund services, liquidity and trading services, and data solutions products for large corporations, financial institutions, merchants, start-ups, small and midsized companies, local governments, municipalities, nonprofits, and commercial real estate clients. In addition, the company offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors; retirement products and services, estate planning, lending, deposits, and investment management products to high-net-worth clients; and financial transaction processing. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
Similar banking company
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The company was founded in 1832 and is headquartered in Toronto, Canada.
Similar banking company
The Bank of East Asia, Limited, operating with its various subsidiaries, offers an extensive array of banking and related financial services. For individual customers, the bank provides a selection of account types, including savings, current, and time deposit accounts, alongside fixed, call, and foreign currency deposit options. Other personal offerings include payroll services, secure safe deposit boxes, and international remittance facilities. Its corporate banking division delivers a comprehensive suite of solutions, such as SME loans and financing guarantee programs. Corporate and commercial financing covers syndicated and construction loans, acquisition and structured financing, working capital funding, share-related and IPO-linked loans, and commercial mortgages. The bank also specializes in trade finance, offering expert solutions, factoring, import/export financing, guarantee services, and the eTradeConnect platform for efficient trade transactions. Additional corporate services include cash management, wealth management, foreign exchange and treasury products, trade settlement and financing, and both onshore and offshore loans. A broad spectrum of insurance products is also available, ranging from marine cargo, property, and trade credit for businesses, to employee compensation, pet, medical, life, savings, and endowment plans. High-net-worth clients benefit from private banking services, encompassing investment advisory, a diverse range of investment solutions (such as unit trusts, linked deposits, currency trading, global equities and bonds, structured products, options, and derivatives), portfolio management, and securities and futures broking. Further general services extend to cyber banking, credit cards, ATM access, and various international banking provisions. The company operates a substantial network of 150 branches across Hong Kong, the broader Greater China region, Southeast Asia, the United Kingdom, and the United States. Established in 1918, The Bank of East Asia, Limited is headquartered in Central, Hong Kong.
Similar banking company
Central Pacific Financial Corporation functions as the parent company of Central Pacific Bank, delivering a comprehensive suite of commercial banking services and financial solutions. This institution caters to businesses, professionals, and individual clients across the United States. Its diverse range of deposit offerings includes personal and commercial checking and savings accounts, money market accounts, and certificates of deposit (CDs). The bank is also a significant lender, providing commercial, financial, and agricultural loans, alongside both commercial and residential mortgages and construction financing. These lending solutions are tailored for small to mid-sized enterprises, business professionals, and real estate developers and investors. Furthermore, it extends home equity and various consumer loans to local residents and individuals seeking to purchase homes. Beyond core banking, it offers a wide array of supplementary services, such as debit cards, online and mobile banking platforms, cash management solutions, extensive ATM access, and other digital banking tools. Clients can also utilize traveler's checks, safe deposit boxes, international banking support, night depositories, foreign exchange, and wire transfer services, as well as trust and retail brokerage offerings. A dedicated wealth management division provides non-deposit investment products, annuities, insurance, and professional investment management, alongside asset custody and general financial consultation and planning assistance. As of December 31, 2021, its operational footprint included 30 branch locations and 69 automated teller machines exclusively throughout Hawaii. Established in 1954, the corporation maintains its headquarters in Honolulu, Hawaii.
Similar banking company
Bank of Communications Co., Ltd. (BoCom) operates as a commercial bank, offering a broad spectrum of financial products and services. For individual clients, BoCom delivers a suite of personal banking solutions. These include diverse deposit options such as demand, time, call, withdrawal, foreign currency, swap management, and educational accounts, alongside certificates of deposit. Customers can also access credit and debit cards, various loan products like housing and personal financing, and comprehensive wealth management services, encompassing both product offerings and expert advisory. Its corporate banking arm caters to businesses with structured time and demand deposits, and sophisticated cash management services covering accounts receivable/payable, general account administration, liquidity optimization, and investment/financing strategies. The bank also facilitates financing, settlement, and risk management solutions, alongside syndicated loans, overdraft facilities, investment banking expertise, and offshore banking services. The latter includes foreign exchange deposits and loans, inter-bank lending, international settlements, foreign exchange trading and guarantees, and business advisory. Additionally, BoCom engages in precious metal leasing and commodity trading. International banking services encompass corporate foreign exchange wealth management, import and export settlements, documentary settlements, remittances, bill services, trade finance, and further offshore banking functionalities. Furthermore, BoCom offers treasury services, asset management, trustee services, insurance, financial leasing, and debt-to-equity swap arrangements, among other specialized financial solutions. This extensive portfolio also features trust investment, fund management, securities dealing and brokerage, reinsurance, and advanced e-banking platforms. The bank maintains a significant presence with 245 branches and 3,025 additional banking outlets throughout Mainland China. Globally, it extends its reach with 22 overseas branches, 68 international banking outlets, and representative offices in 17 countries. Established in 1908, Bank of Communications Co., Ltd. is headquartered in Shanghai, People's Republic of China.
Similar banking company
Established in 1855 and headquartered in Toronto, Canada, The Toronto-Dominion Bank is a multifaceted financial institution offering a diverse range of products and services across Canada, the United States, and globally. Its operations are strategically segmented into Canadian Retail, U.S. Retail, and Wholesale Banking. For its retail clientele, the bank provides essential personal financial solutions, including checking, savings, and investment accounts. It also offers various credit options, such as real estate secured lending, credit cards, and consumer loans, alongside specialized financing for automotive and recreational vehicle purchases at the point of sale. Businesses benefit from tailored services like financing, investment advice, cash management, international trade support, and daily banking operations, in addition to point-of-sale payment processing. Wealth and asset management solutions, encompassing direct investing, advisory services, and asset management, are available for both individual and institutional investors. The bank further diversifies its offerings with property, casualty, life, and health insurance products. The Wholesale Banking division caters to corporate, governmental, and institutional clients, delivering capital markets and corporate banking expertise. This includes the underwriting and distribution of new debt and equity, strategic advisory services for mergers, acquisitions, and divestitures, as well as trading, funding, and investment services. Operating under its recognizable "TD Bank" and "America's Most Convenient Bank" brands, the institution boasts a substantial physical network comprising 1,061 branches and 3,381 ATMs in Canada, along with 1,148 stores and 2,701 ATMs in the United States. These are complemented by comprehensive telephone, digital, and mobile banking platforms. The Toronto-Dominion Bank also maintains a strategic partnership with Canada Post Corporation.
Similar banking company
Postal Savings Bank of China Co., Ltd., along with its affiliated entities, delivers a comprehensive suite of banking solutions to both individual and institutional clients throughout the People's Republic of China. The Personal Banking division caters to individuals with a range of deposit options, including checking, savings, term, callable, and foreign currency accounts, in addition to passbooks and certificates of deposit. It extends various credit facilities such as micro-loans, personal secured loans, and business financing, while also issuing debit and credit cards. Further offerings encompass wealth management products, investment funds, electronic bond sales, and precious metals distribution, complemented by insurance brokerage, payment and collection services, diverse settlement solutions, domestic and international money transfers, and foreign currency exchange. For corporate clients, the bank offers a selection of deposits, including term, demand, call, and negotiated accounts. Its lending portfolio covers working capital, fixed asset acquisition, trade finance, stock-backed loans, land reserve financing, syndicated loans, real estate development, property mortgages, and consignment loans. Additional corporate services include cash management, negotiable instrument processing, comprehensive trade finance and international settlement capabilities, and financial market support. The Treasury division engages in interbank lending, repurchase agreements, and investments across debt and equity instruments, alongside offering investment banking and bond securities services, and developing wealth management products. It also actively trades a variety of financial instruments, including those in money markets, fixed income, foreign exchange, derivatives, and precious metals. The bank also leverages digital platforms, offering online, mobile, and self-service banking options. As of December 31, 2021, the institution maintained an extensive network of 39,603 branches, comprising 7,828 directly managed locations and 31,775 operated through agencies. Established in 2007, the institution is headquartered in Beijing, PRC, and operates as a subsidiary of China Post Group Corporation.
Similar banking company
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), along with its subsidiaries, delivers a broad spectrum of financial services, encompassing retail banking, wholesale banking, and asset management. The institution provides various account types, such as checking accounts, alongside a comprehensive suite of deposit options including demand, savings, overnight, time, term, and subordinated deposits. BBVA also offers diverse loan products, participates in securities trading, and administers both pension and investment funds. Its service portfolio further extends to credit cards, corporate and investment banking solutions, insurance offerings, and real estate services. These products are accessible through the company's online and mobile digital channels. As of December 31, 2021, BBVA's operational infrastructure included 6,083 branches and 29,148 ATMs. The bank maintains a significant international presence, operating across Spain, Mexico, South America, the United States, Turkey, Asia, and other European countries. Established in 1857, Banco Bilbao Vizcaya Argentaria, S.A. is headquartered in Bilbao, Spain.
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